Saudi Catering inks SAR 85 mln contract with Saudi Railways

02/07/2019 Argaam

 

Saudi Airlines Catering has inked a five-year contract with the Saudi Railways at a total value of SAR 85 million, the company said in a bourse statement.

 

Under the contract, Saudi Catering will provide food and beverage services to Haramain high speed railway carriages and cafeteria.

 

The contract is expected to reflect positively on Saudi Catering’s cash flows and operations, whereas the relevant financial contract is estimated to appear on the company’s financials as of Q3 2019.

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